Stock Market Update: Sensex and Nifty 50 End Flat Amid Global Weakness

Market Overview

The Indian stock market closed flat on March 11, 2025, despite weak global market trends. The Nifty 50 managed to post mild gains, while the Sensex saw a marginal decline. Market sentiment remained cautious amid concerns about a potential slowdown in the U.S. economy following tariff discussions.

The trading session opened weakly, mirroring global markets, but recovered as the day progressed. The broader market witnessed mixed trends, with midcap stocks advancing while small-caps faced losses.

Market Performance

• Nifty 50: Closed 0.17% higher at 22,499
• Sensex: Ended at 74,102.56, down 0.02%
• Nifty Midcap 100: Gained 0.67% to 48,762
• Nifty Smallcap 100: Declined 0.80% to 15,076

Key Market Trends

The Indian equity market displayed resilience, with significant indices stabilizing despite global uncertainties. However, growing concerns over a possible U.S. recession led to a sell-off in technology stocks, as companies in the sector derive a significant portion of their revenue from the U.S. market.

The broader market exhibited a mixed performance, with midcap indices recovering from early losses, whereas smallcap stocks continued their downward trend. Market breadth remained weak, with 1,411 stocks advancing, 2,406 declining, and 115 unchanged.

Sectoral Performance

• Nifty Realty surged nearly 4%, driven by gains in companies like Microtech Developers, Phoenix Mills, DLF, and Godrej Properties.
• Nifty Oil & Gas, Pharma, Infra, and Metal indices recorded gains between 0.6% and 1.1%.
• Nifty Bank index declined 0.72%, with significant banking stocks like HDFC Bank, IndusInd Bank, and Axis Bank witnessing pressure.
• Nifty IT index fell 0.6%, marking its fourth consecutive decline, with Infosys and Wipro among the top laggards.
• Nifty Auto dropped 0.4% amid subdued investor sentiment.

Notable Stock Movements

Top Gainers:

• Trent
• BPCL
• Sun Pharma
• ICICI Bank
• Hero MotoCorp

Top Losers:

• IndusInd Bank: Plunged 27%, marking its steepest fall in five years due to reported discrepancies in its derivatives portfolio.
• Infosys & Wipro: Declined as tech stocks faced pressure from U.S. recession concerns.
• NMDC: Ended 0.4% lower aftermarket concerns over iron ore supply dynamics in FY26-27.

Summary

The Indian stock market demonstrated stability amid weak global cues, with select heavyweights providing support. While technology and banking stocks faced pressure, sectors like realty and oil & gas outperformed. The market continues to respond to global economic developments trends, and future movements will depend on domestic and international economic developments.